Medipharm Labs Corp T.LABS

Not the time to be selling here :) $$$$$$$$$$$$$$$$$$

[1hot-techwoman]

MediPharm Labs Announces Increase to Bought Deal Equity Financing to $29 Million

Tuesday, March 2, 2021, 9:13 AM ET

 

MediPharm Labs Announces Increase to Bought Deal Equity Financing to $29 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, March 02, 2021 (GLOBE NEWSWIRE) -- MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE:MLZ) ("MediPharm Labs" or the "Company") a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is pleased to announce that it has agreed to increase the size of its previously announced "bought deal" offering of units of the Company (the "Units") led by Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 50,000,000 Units of the Company at a price of $0.58 per Unit for gross proceeds of $29,000,000 (the "Offering").

[1hot-techwoman]

Time for a little more at $0.48 :) Anyone ?? :)

[1hot-techwoman]

trying again today :)

[flad101]

1hot-techwoman might be one broke woman sometime very shortly if she is really buying this stock up.  Good luck to you.

[Starkicker]

I suspect she has bigger problems.

[1hot-techwoman]

Oh guys dont worry about me ill be just fine :) Just trying to accumulate more at lowest point and im long BTW :) Bids in this morning for $0.47 to any that dont believe in LABS future..LOL

[1hot-techwoman]

What you guys have to ask yourself is what about the large players that bought $29 Million worth of stock at $0.58 :) So ya please sell me your shares at a loss for $0.47....LOL Happy Trading :) MediPharm Labs Announces Increase to Bought Deal Equity Financing to $29 Million Tuesday, March 2, 2021, 9:13 AM ET   MediPharm Labs Announces Increase to Bought Deal Equity Financing to

[1hot-techwoman]

Filled at $0.47 :) Thnk you...lol

[srtman03]

Good call !!

[1hot-techwoman]

Thanks LABS is going to do well going forward IMHO :)

[1hot-techwoman]

:)

[flad101]

Lol. Stick to tech.  You obviously don't understand the markets.  But here's an example for ya. 50000000 shares bought deal.  That's a good start to a hostile takeover.  Now low prices and decent volume.  A company like stada could be making a move. Bought deals and buying up cheap shares until the company has 50.1 percent ownership. Vote of sale of medi to

[1hot-techwoman]

Nope sorry your wrong...thats not how its going down !! If you think that way sell your shares at $0.48 and move on then my friend :) LOL Cheers :)

[Lemoyne]

By the time anyone tries to buy 130M shares, this thing will be going sky high. For every M shares bought, theres 1 less M on the market. Combine it with insider SEDI filings and you can be sure low volume and remaining owners knowing someone tries to buy up 50%+ short squeeze will make the last people standing take in a decent profit. The fact anyone tries to buy up 50% of a company in itself

[WillyWally]

Exactly, people saying some company could buy all the shares under 50 cents clearly have no clue how the stock market works. Maybe they'd manage to get a few millions under 50 cents but then available shares would start drying up. Same mecanism as a short squeeze, as you're saying.

[Righttothetop]

You're right of course.....but the recent bought deal put essentially 1/5-1/4 of shares outstanding out there.....so if someone really wanted to, they could gobble up many of those at the 0.58c or so.... The trading in the new year has many million shares traded, if I cared I'd look how many actually but I don't that much...maybe someone wants to get that tally..... So with so much

[WillyWally]

I'm not sure if you're aware of this but from memory there's regulations that foce any entity owning more than 10% of a stock to discose the information with formal fillings. No company could stealth own one third of a stock without us knowing.

[Righttothetop]

Yes indeed....but there are also 'regulations' that 'should' protect companies from manipulation and short selling....we know how well they work..... Not saying that any of this is realistic or feasible but if blue horseshoe loves something, there are ways around everything.....

[flad101]

Yes you can. By setting up interrelated holding trust in offshore accounts. You bypass the 10% ownership report requirement by holding less than ten in multiple accounts. 

[Driller62]

Flad keep shorting it now, good opportunity tomorrow back to .45 I'd say.

[alleyesonme]

You could...but no one does because it breaks securities laws and at some point or another your position will be discovered... especially if your goal is hostile takeover..it would never get approved by regulators..

[Righttothetop]

Again Flad, you're providing good input...kudos....and I agree with your assessment. Can't say how probable it is, but I suspect that either Stada or their parent company do have eyes for Labs.... I would have hoped that someone would take an equity stake a la Constellation and Canopy though.....